MMi Daily Iron Ore Report (March 8)

Mexico's Ministry of Economy (SE) issued a notice on September 3 finalizing affirmative anti-dumping measures on hot-rolled steel from China and Vietnam, with definitive duties taking effect the day after publication in the official gazette. For Chinese producers, duties are set at US$0.3087/kg for Shanghai Meishan Iron and Steel, US$0.3050/kg for Wuhan Iron and Steel, US$0.3070/kg for cooperating producers not selected in the sample, and US$0.3087/kg for all other Chinese exporters. Vietnamese producers face US$0.2719/kg for Formosa Ha Tinh Steel, and US$0.2855/kg for Hoa Phat Dung Quat and all other Vietnamese exporters. The measures cover flat-rolled hot-rolled steel products of iron, carbon, or alloy steel with thicknesses up to 25.4mm. The case originated from an investigation launched March 3, 2025, with preliminary duties announced March 23, 2026.

PT Krakatau Steel (Persero) Tbk (KRAS) has announced a reshuffle of its Board of Directors and Board of Commissioners, approved at an Extraordinary General Meeting of Shareholders (RUPSLB). Willgo Zainar has been appointed President Director, replacing Muhammad Akbar Djohan, while Thomas Christian takes over as Director of Finance and Risk Management from Daniel Fitzgerald Liman. Didik Hariyanto was appointed Independent Commissioner. The new Board of Directors comprises Willgo Zainar (President Director), Sidik Darusulistyo (Infrastructure and Operations), Thomas Christian (Finance and Risk Management), Hernowo (Commercial, Business Development and Portfolio), and Suryantoro Waluyo (HR), while the Board of Commissioners includes Hendro Martowardojo (President Commissioner), David Pajung and Didik Hariyanto (Independent Commissioners), and Setia Diarta and Adityo Haryo Bimo (Commissioners)